Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock Rating Reaffirmed by Piper Sandler

Ollie’s Bargain Outlet (NASDAQ:OLLI)‘s stock had its “overweight” rating reaffirmed by investment analysts at Piper Sandler in a research note issued on Friday, Benzinga reports. They currently have a $107.00 price objective on the stock. Piper Sandler’s price target would indicate a potential upside of 9.87% from the company’s previous close.

Several other analysts also recently issued reports on OLLI. Wells Fargo & Company raised their price objective on shares of Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, June 6th. UBS Group lifted their price objective on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, August 30th. StockNews.com upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research note on Friday, September 27th. Loop Capital reaffirmed a “buy” rating and set a $110.00 price target on shares of Ollie’s Bargain Outlet in a research note on Friday, September 20th. Finally, Royal Bank of Canada increased their price objective on Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the stock an “outperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.92.

Ollie’s Bargain Outlet Stock Performance

NASDAQ OLLI opened at $97.39 on Friday. The stock has a 50 day moving average price of $95.10 and a 200-day moving average price of $87.82. Ollie’s Bargain Outlet has a one year low of $68.05 and a one year high of $104.98. The company has a market capitalization of $5.96 billion, a P/E ratio of 30.72, a P/E/G ratio of 2.42 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78. The company had revenue of $578.38 million for the quarter, compared to analysts’ expectations of $561.60 million. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 earnings per share. As a group, equities analysts predict that Ollie’s Bargain Outlet will post 3.28 EPS for the current fiscal year.

Insider Transactions at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, President Der Valk Eric Van sold 7,479 shares of Ollie’s Bargain Outlet stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $100.32, for a total value of $750,293.28. Following the transaction, the president now owns 5,615 shares in the company, valued at $563,296.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, President Der Valk Eric Van sold 7,479 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $100.32, for a total transaction of $750,293.28. Following the completion of the sale, the president now owns 5,615 shares of the company’s stock, valued at $563,296.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP James J. Comitale sold 2,153 shares of Ollie’s Bargain Outlet stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $104.17, for a total transaction of $224,278.01. Following the completion of the transaction, the senior vice president now directly owns 2,732 shares in the company, valued at $284,592.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 24,632 shares of company stock valued at $2,459,421. Corporate insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Several institutional investors have recently added to or reduced their stakes in the business. Treasurer of the State of North Carolina raised its position in shares of Ollie’s Bargain Outlet by 4.2% in the 4th quarter. Treasurer of the State of North Carolina now owns 28,206 shares of the company’s stock valued at $2,141,000 after purchasing an additional 1,141 shares during the last quarter. Bank of Nova Scotia acquired a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter worth $377,000. Verition Fund Management LLC grew its holdings in shares of Ollie’s Bargain Outlet by 124.1% during the fourth quarter. Verition Fund Management LLC now owns 115,901 shares of the company’s stock valued at $8,796,000 after buying an additional 64,182 shares during the last quarter. Nomura Holdings Inc. acquired a new position in shares of Ollie’s Bargain Outlet in the 4th quarter valued at $3,019,000. Finally, Wasatch Advisors LP raised its stake in Ollie’s Bargain Outlet by 5.2% in the 4th quarter. Wasatch Advisors LP now owns 3,761,480 shares of the company’s stock worth $285,459,000 after acquiring an additional 184,864 shares during the last quarter.

Ollie’s Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.